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The company said the reduction was due to years of steady improvements. -
Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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There are now 14 new companies writing homeowners’ policies in the state.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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The insurer intends to take on up to 81,040 policies this year.
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Additional buybacks are more feasible if P&C stocks slip and pricing moderates.
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Much was learned after the fires, but it could take years before that data influences models.
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The research team presents the May cat heatmap.
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In The Car offers embedded auto insurance by integrating policies into dealership management systems.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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The Pennsylvania-based insurer experienced a 10-day network outage this month.
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The regulatory body is also looking at AI rulemaking and catastrophe resiliency.
